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the ge 90 event at general electric, we change the engine on the plane. what they have done with the dreamliner is probably the most aggressive and advanced technological challenge we have seen in a decade. >> what does washington need to do to advance employment in highly technologically skilled jobs? >> i think that boeing is doing theeat job increasing diversity and geographic reach on their new manufacturing operations. i saw their paper today where united technologies was working on $1 billion on a grant from the government. >> i would say that it has become a much more sophisticated conversation. >> it certainly has. your former colleague runs boeing and was at ge as well, what is it about ge that produces these industrial giant managers? thing i learned most under the mentorship of jack welch is that change is the only constant. innovation drives the top line. >> that is certainly what is taking place right now. we will have targeted earnings in just a moment. ♪ >> this is "bloomberg surveillance." scarlet fu, here with adam keen -- you're with tom keene and adam jo
. goldman sachs, morgan stanley, bank of america to my jp morgan chase, citigroup, and wells fargo and ge capital, aig, prudential, and met life insurers. here is the example of the hit they would face. assets as of december 31, 2013, 2 point $4 trillion. an estimated tax of 2.7 alien -- billion dollars or 15% of net income. you can understand why the big banks will fight this effort. a very big deal that dave kamp will fight. >> thanks very much. our chief washington correspondent. jpmorgan told investors today that it is cutting more jobs. they are trying to boost profits. for more insight on what this means i am joined by david konrad, the managing director and head of u.s. bank research at macquarie group and joining me here, keri geiger who covers the banking industry. tell us the news, what did jpmorgan say? >> jpmorgan seems to be very optimistic that over the next four to years they can increase profits. about 50%, which would be about $27 billion. within the industry that would be pretty significant. keep in mind that they will have to cut about 8000 jobs this year in the mortgag
from pimco, the russia.e about ge >> looking forward to that. showing live pictures. president putin has started his news conference. it is live in the moscow region. we will give you headlines from that. it will be interesting to see what john lipsky has to say. the imf has now arrived in kiev. tom keene with "bloomberg surveillance" and about 25 minutes. tweed. over to you. iconancine, i am with an of the hotel business. he started with the nightclubs in new york and moved onto the boutique hotels. global.aken his brand the marriott hotels. to rollls are going out 100 locations around the world. he has been awarded the lifetime achievement award by the hotel investment for him. -- forum. congratulations. >> thank you. ,> lifetime achievement award you could not get more establishment than that. do you still feel like an outsider or an insider? does it matter? >> it does matter. i still feel like an outsider and i still use that approach. >> why is it important to feel like an outsider? to tryare always trying new things, think outside the box, go against the grain, do things that h
.25 a gallon on diesel. ound fleet.ge gr a man's, cars, trucks, motorcycles -- it's important to them. they squeeze a little bit out of a gallon of fuel and it adds up because they have such a significantly. >> are they on a big cost-cutting drive right now? >> there are always aware of cost. fuel specifically is a big cost component for these guys. they introduced a system called reliant. it's all about how can drivers be more efficient? >> overtime, will we see ups displays not just gasoline or diesel but also other fossil fuels and move towards an all electric future? >> it will depend on the cost. the latest on ups. thank you so much. >> when we come back, inside the doomsday vault. a place we hope you will never use. the circumstances -- not good. ♪ >> we are approaching 26th in its path they are. it's time for bloomberg to go on the markets. c sharesesson -- soaring this morning. third-quarter profits beat analyst estimates. the gunmaker boosted its forecast come upgrading the stark to outperform. for the thesis that people aren't buying guns anymore. let's talk about exxon m
, and it registers. t acan pepsi ge refund? they spent $2 billion. i would say what gives? >> you have other people calling up and saying what gives, and they do. there definitely negotiations according to the articles i have read. that, is thatike something that could have been prevented? or is it just a happy accident? >> i genuinely believe this is a hack the accident. had people been more aware, they might have noticed it. but alan had her deal with the samsung galaxy, one of the most brilliant product integrations with her world most popular selfie. that was taken on a samsung galaxy phone, or fortunately before the broadcast even started, from her own twitter stream she put one up of her and channing tatum. it is quite clear that the bottom of it said from her i phone. >> she was being authentic then. >> samsung is still a pretty sweet phone. >> thank you so much for joining us. >> gives a couple of minutes to talk about the markets? if it is 56 minutes post the hour -- past the hour. >> i'm feeling generous, it's all in the green. >> we're bouncing back from the decline. is dying down other
Search Results 0 to 4 of about 5

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